What is entry on transfer of
debenture application money
?
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0
Explanation:
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Answered by
32
Explanation:
When debentures are issued at premium, the amount of premium is credited to Debenture Premium Account. Debenture Premium Account is a capital profit and is transferred to Capital Reserve Account. When debentures are issued at discount, the amount of discount is debited to 'Discount on Issue of Debentures Account
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